AED to GBP Currency Converter

AED - UAE Dirham

UAE Dirham is the currency used in the UAE which is monitored by the Central Bank of the UAE. Dirham is a word derived from Arabic. The first dirham coin was launched on 19 May 1973 replacing Dubai and Qatar. The available denominations in UAE are 1, 5, 10, 20, 50, 100, 200, 500 and 1,000. Dh 1 is available in metal coin, whereas the other denominations are available in paper currency. The currency has Arabic text and numbers in Eastern Arabic Numerals along with English text on the other side.

GBP - Pound Sterling

GBP is widely known as Pounds Sterling to avoid confusion with other currencies with the same name. It is represented with a symbol £. It is the official currency of the United Kingdom, Guernsey, the Isle of Man, Jersey, South Georgia and the South Sandwich Islands, and Tristan da Cunha, the British Antarctic Territory and Gibraltar. GBP is one of the most traded currencies in the market taking the 4th position. It is managed by the Central bank of England.

UAE Dirham to Pound Sterling Historical exchange rates graph

UAE has a decent population of British which makes the transfer from AED to GBP one of the most common currencies exchanges in the region. When the last 1 year rates are considered the highest conversion was when 1 AED = 0.23 GBP in March 2020 and the lowest was recorded as 1 AED = 0.20 GBP in December 2019.

Sending money from AED to GBP

There are several ways that allow you to convert UAE dirhams to GBP (Pound Sterling) like through exchange houses, debit cards, credit cards, etc. But one factor that makes all the conversion ways different is the fees and charges levied for the conversion and then the transfer of the money.

Currency Conversion Fees: While converting from AED to GBP that is domestic currency to an international currency, there is a conversion fee levied by the exchange medium i.e. banks or exchange centers or any financial institute.

Transaction Fees: Once the conversion happens, a transaction fee is levied for carrying out the transaction or fund transfer.

Cash Advance Fee: And if you are using the funds in your credit card then you may have cash advance or the cash withdrawal fee as per the credit card provider.

All these fees are fixed and these fees vary with each exchange center or bank or financial institute.

Along with considering the historical rates while exchanging currency, you must also keep these additional charges in mind.